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Assume you purchase a retail building for $1,250,000. You have no cash flow and no expenses in years 1-5, but you find a buyer at

Assume you purchase a retail building for $1,250,000. You have no cash flow and no expenses in years 1-5, but you find a buyer at the end of year 5 to buy it from you for $1,600,000. What is your NPV for this investment using a discount rate of 9% ?

a. $126,048 b. -$210,110

c. -$40,627 d. $16.44%

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